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E
Financial
E.1
Operational review
Atos
|
Registration Document 2016
125
E
Performance by Business Unit
E.1.4
(In € million)
Revenue
Operatingmargin
Operatingmargin%
2016
2015*
%organic
2016
2015*
2016
2015*
North America
2,061
1,972
+4.5% 240.8
182.9
11.7% 9.3%
Germany
1,954
1,856
+5.3% 200.9
138.7
10.3% 7.5%
United-Kingdom & Ireland
1,790
1,797
-0.4% 238.8
196.7
13.3% 10.9%
France
1,709
1,671
+2.3% 125.4
102.9
7.3% 6.2%
Benelux & The Nordics
986
1,064
-7.3% 71.5
98.4
7.3% 9.2%
Other Business Units
1,956
1,938
+0.9% 127.3
139.4
6.5% 7.2%
Global structures**
-97.7
-73.3
-0.9% -0.7%
Worldline
1,261
1,216 +3.7% 196.9
173.4 15.6% 14.3%
TOTAL GROUP
11,717 11,515 +1.8% 1,104
959.0
9.4% 8.3%
At constant scope and exchange rates.
*
Global structures include the Global Divisions costs not allocated to the Group Business Units and corporate costs.
**
growth:
In 2016, Germany, North America, Worldline, France and “Other
Business Units” contributed to the Group revenue organic
& Platform Solutions by the new management;
Data Management and strong actions undertaken in Business
Germany confirmed its recovery with +5.3% organic growth,
•
notably thanks to new major deals won in Infrastructure &
turning back to a healthy organic growth in all Divisions,
maintained all over the year, notably with the sales dynamic
North America was up +4.5%, benefitting from a solid trend
•
Xerox ITO sales synergies program;
in migration to Orchestrated Hybrid Cloud and the full effect of
Worldline continued to contribute to the Group organic growth
•
payment businesses compensating for the effect of the two
with +3.7% over the period, the sustained dynamic of its core
contracts terminated last year;
solutions;
particular by the strong demand for Big Data & Cybersecurity
France reached a solid +2.3% organic growth rate, fueled in
•
revenue growth, thanks to double digit growth in Asia Pacific,
“Other Business Units” also positively contributed to the Group
•
Middle East & Africa, and South America.
second half of the year (+4.5%) offset the first half base effect
UK & Ireland was almost stable. The high growth during the
ramp-ups and increased volumes and projects.
thanks to a strong activity in the Public sector with contract
mainly in Financial Services. The new management team
in 2015 in the Infrastructure & Data Management business,
recovery.
appointed in the Summer actively focused on the Business Unit
2016 was impacted by the ramp-down of contracts not renewed
The situation remained challenging for Benelux & The Nordics.
while Benelux & the Nordics faced decreasing margins coming
Units such as Germany, North America, the UK and also France,
from a lower level of activity across most Divisions.
In 2016, the Group continued to execute the Tier One Program
and continuous optimization of SG&A. In addition, the Group
through industrialization, global delivery from offshore locations,
integration of Bull and Xerox ITO, coupled with the effect of the
benefitted from the full impact of costs synergies following the
margin improvement was particularly visible in large Business
Unify restructuring plan on the CCS activities profitability. The
revenue increased by +20 basis points compared to 2015 at
Global structures costs for IT Services as a percentage of
effect recorded in H1 2015 for pension plan optimization.
constant scope and exchange rates, mostly due the positive
optimization plan which resulted in a € 41 million one-off gain
In 2016, the Group continued to execute its pension schemes
(recorded in H2 in the UK), compared to € 74 million in 2015.
points excluding pension schemes optimization one-offs both in
+110 basis points in 2016. The improvement was +140 basis
Globally, the Group improved its operating margin rate by
2015 and in 2016.